Topic: Importance of a mentor, teacher or guide to a beginner trader. - page 3. (Read 1344 times)

Trading skill is never that something that easy to be learned but doesnt mean that you cant be able to learn on your own. You will really be that still able to do so but of course its not something that will really be that easy. There are some individuals who are really that good when it comes to self discipline and trying to get things done according into their pace without needing up any mentor or to those someone who do teaches them. We do know that when it comes into this manner then self learning could really be that possible, there are really just that those individuals who are really that a fan on trying out to learn things with the help of other people or so called pros but actually its not really that bad on having this kind of set up on which as long you do able to learn up yourself on this one then it wont really be that an issue.
The only cons when you do have a mentor is that you will really be needing to pay up some extra and also you will really be that somewhat dependent when you are really that having that learning curve.
It wont really be that a problem as long you do make yourself that learn along the way or whatever the way or path you will be taking, the important thing on here is that you do get that specific skills
on which you will be the ones will be enhancing it with your real time experiences towards this unpredictable market.

It is undeniable that we will really need a mentor in the new trade that we do, but even if there is none, it does not mean that we cannot trade, it's just that it will be more difficult and having a mentor makes everything a little easier for us to gain knowledge
No one can deny that mentors are very important, but we also have to be observant in choosing a mentor who is truly suitable and can guide us in trading.

Well, trading is not easy to learn, and the real challenge lies in adapting to the market’s volatility. Some people say that having a mentor helps a lot—and it’s true—but the tough reality is that having a mentor doesn’t guarantee success. In the end, it’s our own effort that makes the difference. Learning to trade isn’t something you do in a day; it’s a continuous process. If we want to be profitable, we need to invest time and focus, analyzing the market and discovering new techniques and strategies along the way. But we also know that trading is not just all about knowledge and skill but also having good control over our emotions. 

I totally agree with what you say that learning trade is too difficult to do, because it is not really easy to learn. If those who studied theory regarding the so-called trading course still have difficulty when it comes to proper execution, how much more so when you just study it without execution.

Although, it is not bad to be taught, but only as far as guidelines can be done by mentors, because they will not teach you the proper execution itself for sure.
In the end, you or we will still discover our skills to tell you frankly.

The problem is that beginners mistake signal groups for mentoring and patiently follow these signals until they lose their deposit. Mentoring consists in transferring knowledge and experience from an experienced trader to a beginner, rather than using his deposit for personal purposes.

Having a mentor or guide is very convenient for learning any subject. In this case, it takes less time to learn any subject and it is also possible to know about important topics well. When someone tries to learn trading on their own, they have to spend more time and in many cases, they may not notice the important subjects matters. Again, the possibility of losing money will increase. Although, if you learn a subject on your own with more effort, you can achieve good skills in that particular subject.

Normally, if someone is going to learn a new subject or topic by own self, they will have to spend a lot of time and money from all aspects.

It is important to remember that when a mentor teaches someone, he can teach them as easily as he can, learner can learn very easily. Because mentors will focus on various examples to explain to an ordinary person and how someone can understand it well. They can also give real examples. But when someone learns on their own, he will understand many things late, in this case, his money may also be lost. Although spending money on learning is like investing.

I have a neighbor who likes to get involved in the world of trading, he even spends some money to get lessons about trading and surely behind this there is a mentor who guides him to be good at trading, right?

Luckily now he is successful and can be said to be successful because he has quite a lot of assets, and that is because the lessons he gets can make him get quite a large income.

But I myself do not know what he is currently like with his trading world, only I got news that he was experiencing a serious illness until a few days ago I saw him in an unhealthy condition with a very thin body, even though initially he was a fat person. I was curious who his trading mentor was, but whoever looked for it he didn't tell me for some reason the reason was confusing. maybe because he didn't want anyone else around him who was equally good at trading.

In fact, many new traders are currently using these types of free signal groups and AI trading bots in Trading, without knowing anything. but, such free signals can push a new trader to big losses.

a new trader can never be successful in trading without knowing anything about trading and without acquiring trading skills. A new trader should not be trading depending on free signals or AI trading bots, A new trader should Learn trading on your own.
As easy as a new trader initially thinks trading is, in reality it is as risky as it gets. Therefore, you should never trade with "little knowledge" or "zero knowledge", relying on others.
Acquire skills in trading yourself, take advice from a professional trader, be disciplined and experienced, and start trading after considering everything well, only then can a trader achieve success in trading.

They have the experience to develop our potential and with a mentor we are more focused on doing something well. Related to trading and maybe a mentor is needed to teach us to be better because there are certain techniques that we will get when we learn from someone who is experienced in trading.

A mentor does not only teach technical issues or other fundamental things because in reality a mentor also functions to teach trader psychology so that they do not get caught up in something excessive. A trader will not be experienced if they do not have knowledge and maybe not everyone can learn autodidactically because maybe they need a mentor so that the trading they do can be more focused.

There is no free lunch and most of free signals are bad because of signal quality and accuracy, as well as these free signals usually come from pump and dump groups. It's especially true if these signals are for small cap cryptocurrencies which can easily be pumped and dumped.

In modern trading, with great support of bots, AI to automate trading, any big purchase can break their game setup and when you enter the market with trading position like this from free signals, you will stuck and have losses.

Most importantly, training is training and practice is what you will actually do with your trading capital. Training and demo trading sessions won't help you as a newbie trader can absorb emotional and psychologial challenge of the market. A newbie trader has to spend time and money for actual trading in the market, to learn these things which are important. Because the market is zero-sum game, and money switch from inexperienced weak traders to experienced, disciplined and strong traders.

I would like to clarify who do you consider a mentor? If this is an anonymous user who gives you recommendations via Telegram, then I would be suspicious of such advice. Good training is expensive, and not everyone can afford to have a real mentor with whom you could discuss trading in real life.

Its very helpful that we have a mentor or an instructor in trading, who will serves as a guide for us in other not to make wrong moves, you can also discover about some other traders, who will always seek to know more form these same people who provide with them the required support needed towards making trades, while most of the users found in this category are newbies, because they will try all they could to ensure that they avoid making errors.

ON the other side, if we are the type that likes reading and learning by oneself, then we may chose to go by the other means to ensure that learning is taking place, such could be through learning from various online platforms, reading of trading materials and articles and being also active on a forum like this where much about trading is being discussed.

Not everything has to do with the influencers and mentors, sometimes you gotta make your own decisions and that's how people get rich. This is why people suggest others to keep staying away from all of this, there is no reason why you should be investing into crypto without understanding the full concept.

The newbies that follow these influencers have no clue what they are doing or why they are buying or selling something, they are just doing what they are told and that's not how you get rich. If it were that simple, we would be all rich and because of that the way to get rich is to learn yourself. Learning yourself is much harder and many people fail, they do not have the patience for it, and because of that we have very few people who are successful at trading.

 Importance of a mentor, teacher or guide to a beginner trader. It is very important for any of us to basically have a mentor or teacher after all we know nothing at first right. I know that some independent user like I do that learn everything from the scratch but heck Im still watching youtube video and talk here and there just to get know better in trade and dont forget about the pain of losing dollar in the way of learn.

At least we read one or two YouTube videos or some thread in a forum or telegram message about trade and I consider that as a guide for the beginner trade.

What you said is very right because I also consider mentors as guides only and it is almost like someone who is on a new road but does not know which direction to go. That is the analogy that I get from a mentor because the rest is only ourselves who decide after there are many directions that we already know and for profit I think everyone will definitely have a fairly fundamental level of difference. Because it can be triggered by a certain level of ability such as the capital that is dared to be used into the market from each person.

Their is no perfection in trading you just have to do the little you are doing and there are times you will even know that the decision you making is not right when trading sometimes but you will still want to do it and this are part of the reasons why you have to go for knowledge first and even with your knowledge things like this can not be avoided but the good thing is now that you can actually learn from your mistakes that is one thing that professional traders will always do they will always learn from their mistakes.

Even the so called mentor can make mistakes talk more the person learning just that we get better at what we do so we just have to pay serious attention to the main thing and even the mistakes we are making so their is a lot to be learned but just that with mentors we are going to be able to avoid some mistakes, so it is better to know the right steps to take but the truth of it is that their is no way you will not lose money.

if you want to be successful in Trading, you will advocate time and make research of trading properly, but I believe that those people that doesn't have a mentor they're the one that always face challenges of losing during trading, because if you have a mentor that will make you to know the rudiments of trading and if you're to lose you will not lose that much in trading compare to someone who doesn't have a mentor.

Those people who were opportune to have mentor they're the one that never complained of negative impacts of trading, because their teacher have taught the advantages and disadvantages of trading, so it hardly before they come up to discuss anything about trading in public, sometimes they learn from their mistakes base on they have the knowledge already.

You are right, one of the community members told me about one famous local crypto influencer that he is not that moral so I followed his advice and never followed that person but only few times, even did not relied on him alone but found other mentors too, Because I think in crypto world we should not rely on single source either they are our mentors. We need more than 1.

The last lines are best said because if we as a well-wishers try to guide others in a good way that they won't go the bad path then they will also make money. Sharing is caring hehe. Mentors are not necessary tbh just we need to confirm that either we are making the right assumptions or not. But never follow one mentor and depend on him, the local influencer I talked about last year brought a copy trading system by partnering with an exchange and made wrong trades and lot of people lost money and then said, I gave a disclaimer you should not have followed me.

So the followers were in vain when he said that, they were trying to digest the lose but these words from a mentor hurts more.

It will really be just that depending on you on which neither you will really be finding out its relevance in terms of making you some guidance into your learning curve and sees out that its really that effective then it wont really be that bad on having such mentor or someone who do teaches you up, because there are really those individuals who are really that slow when it comes on learning things and thats why they do really that prefer on having someone that would really be  teaching up along the way. It wont really be that bad as long you are learning and does have the money then it will really be that up to you. Somehow if you are someone whose really be that trying out to save some money then having some mentor wont really be that necessary but rather you will really be just that learning on your own with your own approach and time. Even myself would really be that looking these mentors arent really that necessary or something wont really be that make you sure to be that profitable in the end and really just that adding up some more expenses into something that you could be able to learn on your own. Just like on what everyone is really that saying on which everything could really be found on line in speaking about on the informations you would really be needing for you to learn up
along the way. Its up to someones hard work and determination on how they will really be learning up things accordingly. If you are that really being hard working and serious on learning things then it will really be that not a problem on learning or dealing up with something new and despite on having no guidance then you could be able to make yourself learn without any hiccups.

You are right because trading is like a profession or a skill and to acquire any skill they most have someone that would help and perfect them, so actually that's the first step someone should take before starting trading, so actually when it comes to trading there are people who would volunteer to teach but is better getting a good teacher who will take there time to explain about it since they have been paid to, actually trading is something nobody should go through the back way to start it because just like you said a hit from the market can end the story of the trader.